Cominix Co.,Ltd.
3173・Standard Market・Wholesale Trade
Cutting Tools Business
Cominix's core segment centered on domestic cutting tool sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (External Customers, Full Year) | ¥17,461 million (FY2026, ending March 2026) | ¥16,760 million (FY2025, ending March 2025) | ↑ |
| Segment Profit (Full Year) | ¥354 million (FY2026, ending March 2026) | ¥118 million (FY2025, ending March 2025) | ↑ |
| Segment Assets (Period End) | ¥6,799 million (end of FY2026, ending March 2026) | ¥7,755 million (end of FY2025, ending March 2025) | ↓ |
| Depreciation (Full Year) | ¥9 million (FY2026, ending March 2026) | ¥6 million (FY2025, ending March 2025) | ↑ |
| Goodwill Amortization (Full Year) | ¥7 million (FY2026, ending March 2026) | ¥52 million (FY2025, ending March 2025) | ↓ |
| Unamortized Goodwill Balance (Period End) | ¥11 million (end of FY2026, ending March 2026) | ¥18 million (end of FY2025, ending March 2025) | ↓ |
Business Details
The Company and its domestic subsidiaries (Onishi Kiko Co., Ltd. and Toshin Shokai Co., Ltd.) sell carbide cutting tools and special steel cutting tools, along with holding tools, measuring instruments, and machine tools, to metal processing businesses such as automotive engine parts manufacturers. The segment operates under a two-division structure comprising a direct sales division and a wholesale division, with its strengths lying in an immediate delivery system from its logistics center and a rapid supply system leveraging the web system "Cominix On-Line". In October 2025, Onishi Kiko Co., Ltd. absorbed and merged with Sawanaga Shoten Co., Ltd., achieving organizational efficiency improvements.
Recent Overview
Achieved substantial increases in both revenue (up 4.2%) and segment profit (up 198.8%)
In the Cutting Tools Business for FY2026 (ending March 2026), net sales were ¥17,461 million (up 4.2% year on year) and segment profit was ¥354 million (up 198.8% year on year), representing a substantial increase in both revenue and profit. In the wholesale division, demand capture associated with price increases by major manufacturers and aggressive sales expansion by focus manufacturers proved effective. In the direct-demand division, while there was some impact from restrained investment in certain automotive-related areas, stable capture of demand related to aircraft and defense and the receipt of large-scale orders drove earnings. In addition, in October 2025, Onishi Kiko Co., Ltd. absorbed and merged with Sawanaga Shoten Co., Ltd., strengthening and streamlining its organizational operating structure.
Key Products
Growth Drivers
- Stable capture of aircraft and defense-related demand and receipt of large-scale orders
- Demand capture associated with price increases by major manufacturers and aggressive sales expansion by focus manufacturers (wholesale division)
- Broad coverage from large to small and medium-sized manufacturers through the two-division structure of direct sales and wholesale
- Customer retention through an immediate delivery system leveraging the logistics center and Cominix On-Line
- Organizational efficiency and cost reduction through Onishi Kiko's absorption-type merger with Sawanaga Shoten (October 2025)
Risks
- Constraints on sales expansion due to sluggish demand in the automotive and construction machinery industries and slowing capital expenditure
- Medium- to long-term risk of declining cutting demand due to progress in EV adoption
- Increased labor costs and rising selling, general and administrative expenses due to wage increases
- Although the goodwill balance has decreased to ¥11 million, impairment risk remains in the event of a shortfall against earnings plans
- Risk of revenue concentration among key customers (although no single customer accounts for more than 10% of net sales, dependence on the automotive industry is high)
Last updated: June 18, 2026